Investing.com -- Samsung Electronics shares look attractive after the recent sell-off, according to Morgan Stanley analyst Shawn Kim, who said the correction has created a buying opportunity ahead of a major shift in AI memory architecture. Morgan Stanley noted the stock has dropped about 20 percent week to date, compared with a 17 percent decline in the KOSPI. Kim wrote that the memory market for...
Investing.com -- Samsung Electronics shares look attractive after the recent sell-off, according to Morgan Stanley analyst Shawn Kim, who said the correction has created a buying opportunity ahead of a major shift in AI memory architecture. Morgan Stanley noted the stock has dropped about 20 percent week to date, compared with a 17 percent decline in the KOSPI. Kim wrote that the memory market for AI inference is moving toward a hybrid model as chips become more specialised. While HBM continues to dominate, “SRAM is carving a niche for workloads where latency matters more than throughput density,” Morgan Stanley stated. The firm expects that Nvidia will introduce a new inference chip at its upcoming GPU Technology Conference, using a Language Processing Unit architecture built around large amounts of on-chip SRAM. Morgan Stanley said the architecture is “purpose-built for the sequential speed of inference” and appeals to customers who are “willing to pay for speed.” According to Kim, the debate is not SRAM versus HBM but how both will “remain hierarchical, combining SRAM for hot-path execution with HBM for scalable memory capacity.” Importantly, LPU designs could bypass “current supply chain bottlenecks in HBM and CoWoS packaging,” Morgan Stanley added. Despite uncertainty over how the AI memory market eventually fragments, the firm maintained Samsung Electronics as its top pick, citing HBM4 qualification, SRAM capabilities, foundry flexibility and the broader commodity upcycle. Morgan Stanley also reiterated its positive view on SK hynix. “Historically, such corrections have offered a good opportunity to buy,” Kim wrote, adding that earnings expectations still have “a lot of room for recovery.” Related articles Buy Samsung stock on a pullback, Morgan Stanley Goldman expects lower but still attractive stock market returns in 2026 As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’
As US-China tensions simmer, people online are joking about wanting to ‘become Chinese’ – starting with their wellness routines Did you drink ice water today? If you did, that was “not very Chinese of you”, according to Sherry Zhu, a 23-year-old Chinese American creator based in New Jersey . If you were really serious about “becoming Chinese”, you would be sipping hot water every day, she warned i...
As US-China tensions simmer, people online are joking about wanting to ‘become Chinese’ – starting with their wellness routines Did you drink ice water today? If you did, that was “not very Chinese of you”, according to Sherry Zhu, a 23-year-old Chinese American creator based in New Jersey . If you were really serious about “becoming Chinese”, you would be sipping hot water every day, she warned in a TikTok video with millions of views. “I really do feel like, digestion-wise, a lot better when I’m drinking hot water,” she later explained to GQ . Zhu’s guidance is taken from traditional Chinese medicine (TCM), a health system that dates back 5,000 years and offers a holistic approach to treating symptoms – physically, emotionally and spiritually. Other creators of Chinese descent have their own TCM hacks: keep your feet warm and your periods will be more bearable. Drink tea made with goji berries , jujubes and ginger as a cure-all. Move your body every day to promote the flow of qi , or internal energy. “Do my Chinese baddie routine with me,” they caption their videos in half-authoritative, half-joking tones. “Advice from your Chinese big sister.” Continue reading...
LPETTET/iStock via Getty Images I previously covered e.l.f. Beauty, Inc. ( ELF ) in January 2026, discussing why I had cautiously upgraded the stock as a Buy then, attributed it to its intermediate-term swing trade potential pending the reversal in consumer spending trends, the recovery in its bottom lines, and the easier YoY comparisons from FY2027 onwards. Even then, given the numerous headwinds...
LPETTET/iStock via Getty Images I previously covered e.l.f. Beauty, Inc. ( ELF ) in January 2026, discussing why I had cautiously upgraded the stock as a Buy then, attributed it to its intermediate-term swing trade potential pending the reversal in consumer spending trends, the recovery in its bottom lines, and the easier YoY comparisons from FY2027 onwards. Even then, given the numerous headwinds and volatility risks, it went without saying that the stock was only suitable for those with a longer investing trajectory and a higher risk appetite. In this article, I shall discuss why I am reiterating my Buy rating for the ELF stock, thanks to the accretive rhode acquisition with "phenomenal" profit margins, the still resilient core gross profit margins despite the prior tariff risks, and the FY2027 recovery tailwinds from the new, lower tariff rate of 10%. This is significantly aided by the reasonable technical indicators across the RSIs/trading volumes, the fair valuations after the -60% correction from the June 2024 highs, and the materialization of an uptrend support line since April 2025. ELF Faces Numerous Tailwinds and Headwinds ELF 1Y Stock Price ( TradingView ) Since my last Buy rating, ELF has mostly traded sideways along with the wider market, with the wider health and personal care sector experiencing notable volatilities thus far. This development is unsurprising indeed, as the Supreme Court strikes down much of the President's tariffs, albeit replaced with the new 15% Worldwide Tariffs effective immediately, with the ongoing tariff uncertainties naturally implying further trade disruptions and a prolonged macroeconomic normalization cadence. This is worsened by the emergence of a " K-shaped economy " from the divergence between the "higher-income consumers, who are benefiting from stock-market and home-price gains, continue to spend" and the "lower-income individuals are cutting back as inflation eats into their spending power and the job market tightens....
And just like that, spring has arrived. After an exceptionally wet and dreary start to the year, tulips and crocuses are poking through the ground, blossom is everywhere and winter layers are being shed, all giving us reason to celebrate. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Spring officially begins on Frida...
And just like that, spring has arrived. After an exceptionally wet and dreary start to the year, tulips and crocuses are poking through the ground, blossom is everywhere and winter layers are being shed, all giving us reason to celebrate. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Spring officially begins on Friday 20 March, but on the Filter, we can’t wait that long. So, here are 63 of the best ways to get your mind, body and home ready for the new season’s arrival – and inject your days with a shot of positivity. How are you embracing spring? Let us know by emailing us at thefilter@theguardian.com How to celebrate the start of spring Dress the table with daffs View image in fullscreen Photograph: Iuliia Pilipeichenko/Getty Images/iStockphoto Buy a bouquet of supermarket daffodils for your kitchen table. Is there a more mood-boosting way to spend £1? Absorb early morning sunshine Drink your morning coffee on your front step – or wherever you can get outside. Studies show early morning sunshine can help regulate your circadian rhythm. Upgrade your mug with a sunny espresso number. Handmade demi mug Get on your bike View image in fullscreen Photograph: Francesco Vaninetti Photo/Getty Images If your bike has been languishing in the shed over winter, it’s time to dust off the cobwebs and give it a service. There are lots of community bike groups around the country that offer a free service or puncture repair, such as Dr Bike in London or Biko Bikes for students in Manchester. Try a new trouser shape Uniqlo’s unisex jersey barrel leg pant is universally flattering. Get a pair in off-white for a fresh spring look. Jersey barrel leg trousers View image in fullscreen You don’t need to live in the Cheviot Hills to appreciate nature. Photograph: Duncan Andison/Getty Images Even if it’s just 10 minutes, look up at blossom in a city, or head out on a longer hike in the countryside. Research pu...
With the wait for the new Winds and Waves games set to stretch into 2027, Pokemon’s 30th anniversary celebrations have plugged the gap with a deluge of nostalgia bait. Is the franchise in danger of losing its heart? • Don’t get Pushing Buttons delivered to your inbox? Sign up here It has been almost impossible to escape Pokémon for the past few weeks. To mark the 30th anniversary of the original g...
With the wait for the new Winds and Waves games set to stretch into 2027, Pokemon’s 30th anniversary celebrations have plugged the gap with a deluge of nostalgia bait. Is the franchise in danger of losing its heart? • Don’t get Pushing Buttons delivered to your inbox? Sign up here It has been almost impossible to escape Pokémon for the past few weeks. To mark the 30th anniversary of the original games, the Pokémon Company has been on an unprecedented promotional nostalgia trip for the entire month: there was a campaign where celebrities gushed about their favourite Pokémon, gifting us the memorable sight of Lady Gaga singing with a Jigglypuff, and Pokémon FireRed and LeafGreen (great Game Boy Advance remakes of the original 1996 games) were rereleased on the Nintendo Switch. The Natural History Museum in London has opened a special Pokémon pop-up shop, and a limited-edition greyscale Pikachu plush toy sold out in about three seconds (they will be making more, to the disappointment of scalpers everywhere). And all that is just the start. We’ve seen the opening of a Pokémon theme park in Tokyo, the announcement of a tiny Game Boy-shaped music player that plays the games’ soundtrack, a collaboration with high-fashion brand JimmyPaul that had its own runway show … it’s been endless. Regular readers will know that I am exactly the target audience for this festival of Pokémon nostalgia: the first generation of Pokémon kids and now hurtling towards 40. And yet I have been unmoved by most of this, even slightly annoyed by it. Continue reading...
Iran postponed the funeral of late Supreme Leader Ayatollah Ali Khamenei, who was killed in a US-Israeli airstrike last weekend, citing expectations of large crowds. The three-day ceremony had been scheduled to start at 10pm local time at the Imam Khomeini Mosalla, a mosque in Tehran, the state-run Islamic Republic News Agency reported on Wednesday. State television later said the proceedings were...
Iran postponed the funeral of late Supreme Leader Ayatollah Ali Khamenei, who was killed in a US-Israeli airstrike last weekend, citing expectations of large crowds. The three-day ceremony had been scheduled to start at 10pm local time at the Imam Khomeini Mosalla, a mosque in Tehran, the state-run Islamic Republic News Agency reported on Wednesday. State television later said the proceedings were being delayed “due to the expected unprecedented presence of mourners”, and a new time would be announced soon. Advertisement The funeral is likely to turn into a rally for Islamic Republic supporters who oppose the US and Israeli attacks that have since spiralled into a regional war. Russia and China have also condemned Khamenei’s killing. 01:36 Thousands attend funeral for victims of Iranian school bombing, the deadliest incident in Iran war Thousands attend funeral for victims of Iranian school bombing, the deadliest incident in Iran war Opponents of the regime, by contrast, met Khamenei’s death with celebrations.
Instead, he believes demographics, labor shortages and rising construction costs will continue pushing ownership further out of reach. His long-term forecast is clear: more Americans rent, fewer own. He also dismissed the idea that institutional investors are the core problem. "They own three or four percent of the marketplace. It's nothing," he said on the podcast, calling the narrative a distrac...
Instead, he believes demographics, labor shortages and rising construction costs will continue pushing ownership further out of reach. His long-term forecast is clear: more Americans rent, fewer own. He also dismissed the idea that institutional investors are the core problem. "They own three or four percent of the marketplace. It's nothing," he said on the podcast, calling the narrative a distraction. "There's nothing going to happen in single family," he said. Even if prices drop 10%, he suggested that's not enough to meaningfully change the equation for most buyers. For investors, he believes the edge isn't in single-family properties at all . It's scale. Larger multifamily projects where rents are below market and can be raised over time. "There's no real money in owning a single family home when you compare it to the S&P 500," he said on the podcast. He pointed to the math. In many major markets, rents are dramatically lower than the true cost of ownership when factoring in mortgage payments, property taxes, maintenance and HOA fees . His takeaway is blunt: renting often makes more financial sense than buying. In his view, the real shortage isn't housing overall. It's "a shortage of desirable modern housing in particular locations that's affordable," Cardone said. "You're not going to make affordable housing. You have concrete, glass, steel, most importantly, labor, and you're not going to be able to fix this problem," he told Pineda and Davila. "Because this country will become a renter nation. I mean, you cannot fix the housing problem in America," Cardone told hosts Ryan Pineda and Brian Davila when asked about the future of real estate. Money talks. Housing groans. Real estate investor Grant Cardone recently made it clear he doesn't see relief coming anytime soon during an interview on the " The Wealthy Way Podcast ." Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Story Continues For individuals who stil...
The US’ decapitation of Iran’s leaders highlights America’s superior military strength and runs counter to the popular view in China that the United States is in decline , according to international relations specialists. Those two incidents – which Beijing condemned as infringements of sovereignty – showed not only that Washington’s military strength remained “superior”, but also that its “method...
The US’ decapitation of Iran’s leaders highlights America’s superior military strength and runs counter to the popular view in China that the United States is in decline , according to international relations specialists. Those two incidents – which Beijing condemned as infringements of sovereignty – showed not only that Washington’s military strength remained “superior”, but also that its “methods of warfare have further evolved”, according to Shi Yinhong, a professor of international relations at Renmin University in Beijing. 05:36 Trump says Iran operation will last up to 5 weeks as death toll across Middle East surpasses 500 Trump says Iran operation will last up to 5 weeks as death toll across Middle East surpasses 500 Zheng Yongnian, a political scientist and government adviser, agreed, saying that “in reality, the US retains formidable economic strength and possesses unparalleled military power globally”. Advertisement In an interview published on Monday on the website of the Institute of International Affairs, Qianhai, which he heads, Zheng said that despite voices in China suggesting America was in decline, a number of actions showed “America’s war-making capability depends solely on its will to deploy such power”. These actions included the 2003 overthrow of Saddam Hussein’s regime in Iraq, the 2011 killing of al-Qaeda leader Osama bin Laden, and this year’s capture of Maduro and assassination of Khamenei. Advertisement “Despite numerous issues within its political and social spheres, we absolutely must not underestimate America’s capabilities,” Zheng said.
NEW YORK, March 4, 2026 /PRNewswire/ -- ColorComm Media Group (CMG) is a full service strategic advisory firm working with clients on public relations, marketing, media relations, stakeholder engagement and more. CMG is headquartered at Rockefeller Center in New York City. ColorComm logo (PRNewsfoto/ColorComm) CMG works with Fortune 500 companies, organizations, global brands, and leading institut...
NEW YORK, March 4, 2026 /PRNewswire/ -- ColorComm Media Group (CMG) is a full service strategic advisory firm working with clients on public relations, marketing, media relations, stakeholder engagement and more. CMG is headquartered at Rockefeller Center in New York City. ColorComm logo (PRNewsfoto/ColorComm) CMG works with Fortune 500 companies, organizations, global brands, and leading institutions. The firm is comprised of fresh thinkers, cultural strategists, corporate communications experts, and brand marketers who are committed to delivering results. "CMG has taken the relationships built over the past 15 years across a multitude of industries to make results happen for our clients," said Lauren Wesley Wilson, Founder and CEO of ColorComm Inc. "Our clients count on us to utilize our network, knowledge, and experience to deliver effective and game-changing strategies and campaigns." Past and present clients include Paramount, Penguin Random House, HSBC, Will Packer Productions, Pronghorn, Google, BET Networks, Farmgirl Flowers, Sergio Hudson, and many more. For more information about ColorComm Media Group, visit https://www.colorcommmediagroup.com/ . ColorComm Inc. includes the ColorComm Network and ColorComm Media Group. Media Contact: communications@colorcomm.com Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/colorcomm-media-group-is-here-302703586.html
SANTA MONICA, Calif., March 04, 2026--(BUSINESS WIRE)--Binarly, the industry leader in software and firmware supply‑chain security, today announced a leadership transition as the company enters its next phase of growth. Founder and current CEO Alex Matrosov has joined the company’s Board, and Gwenyth Castro has joined as Chief Executive Officer to scale global go-to-market and enterprise growth. B...
SANTA MONICA, Calif., March 04, 2026--(BUSINESS WIRE)--Binarly, the industry leader in software and firmware supply‑chain security, today announced a leadership transition as the company enters its next phase of growth. Founder and current CEO Alex Matrosov has joined the company’s Board, and Gwenyth Castro has joined as Chief Executive Officer to scale global go-to-market and enterprise growth. Binarly developed its Transparency Platform on a unique, patented technology core designed to help the world’s largest enterprises identify and reduce third-party software risk across complex environments. The platform is trusted by organizations including Meta and Dell, among others. "We built Binarly to solve a problem the industry kept ignoring: you can’t secure what you can’t see," said Alex Matrosov, Founder of Binarly. "Over the last five years, this team turned deep program analysis and vulnerability research into a platform trusted by some of the world’s most demanding enterprises. Now, as AI accelerates how software is built and shipped, the mission is only getting bigger." A proven cybersecurity operator, Castro brings 15+ years of experience helping build and scale Bishop Fox, most recently serving as Chief of Staff to the CEO, where she led cross-functional strategic initiatives and supported global expansion. As CEO of Binarly, Castro will focus on accelerating go-to-market momentum, strengthening customer and partner engagement, and advancing the company’s platform to meet evolving software supply-chain threats. "It’s an honor to step into this role and build on the strong foundation Alex and the team have created," said Gwenyth Castro, Chief Executive Officer of Binarly. "Binarly is uniquely positioned to deliver the transparency enterprises need to manage third-party risk and application security at scale. My focus will be on deepening customer partnerships, delivering an exceptional platform experience, and executing with urgency as we expand into new market...
Elon Musk is slated to testify Wednesday in a jury trial over allegations that he manipulated Twitter Inc. ’s stock price with his public tweets to try to get himself a better deal to buy the social network back in 2022. Musk, the world’s richest person, eventually bought Twitter for $44 billion and later renamed it X, but first spent several months publicly criticizing the company’s business and ...
Elon Musk is slated to testify Wednesday in a jury trial over allegations that he manipulated Twitter Inc. ’s stock price with his public tweets to try to get himself a better deal to buy the social network back in 2022. Musk, the world’s richest person, eventually bought Twitter for $44 billion and later renamed it X, but first spent several months publicly criticizing the company’s business and threatening to walk away from the buyout. A group of investors who sued Musk in San Francisco federal court allege that he posted misleading tweets about the deal process to drive down the company’s market value and benefit himself at their expense. Musk, who has denied wrongdoing, is the trial’s star witness, and is expected to face sharp questioning from the investors’ lawyers. Read More: Musk Tweet on Pausing Twitter Deal Was Frustration, Adviser Says The attorneys are likely to challenge the serial entrepreneur over multiple tweets he posted in May 2022, including one in which he said he was putting the Twitter buyout “temporarily on hold” to investigate how much of the platform’s traffic was driven by spam and fake accounts known as bots. Twitter executives, meanwhile, told employees that the deal was still moving forward . The stock tumbled following Musk’s post, and it remained volatile for months until the deal finally closed in October 2022 after the company sued him to follow through on his original offer. “We’re here today because Elon Musk cheated investors,” Mark Molumphy , a lawyer for the plaintiffs, told jurors in his opening statement on Monday. “The evidence will show Mr Musk knew exactly what he was doing” by tweeting out false and misleading information about the deal, the lawyer said. Lawyers for Musk countered that his concerns about Twitter’s user base “were real and weren’t a fraud,” and that his tweets were not responsible for any stock price decline. Musk is no stranger to testifying before a jury. He prevailed in a trial in 2023 over claims by Tes...
Air Freight Rates To Spike As Iran War Escalates By Eric Kulisch of FreightWaves The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates. Airlines are suspend...
Air Freight Rates To Spike As Iran War Escalates By Eric Kulisch of FreightWaves The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates. Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory missile attacks by Iran. More scheduling changes are anticipated in the days ahead. Longer routes require more fuel, reducing the amount of cargo aircraft can carry so as not to exceed weight limits. Some airlines are expected to add refueling stops. “We are expecting some potentially significant move in rates, especially Asia-Europe, if the situation continues with large-scale flight cancellations,” said Neil Wilson, editor of global price reporting agency TAC Index, said in an email exchange. FedEx has suspended flights to and from Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates and Saudi Arabia. “The safety and well-being of our team members is our highest priority. As a result, pickup and delivery services in Bahrain, Kuwait, Iraq, Qatar and United Arab Emirates have been temporarily suspended until further notice. Shipments to and from other markets throughout the region may experience extended transit times,” the company said in a service alert. “We are closely monitoring the situation and will resume services as soon as it is safe to do so.” UPS has not announced any operational changes, but said in a statement provided to FreightWaves, “We are closely monitoring this fluid situation and using established contingency plans to manage our operations safely and efficiently.” Qatar Airways , which operates 29 Boeing 777 freighter aircraft and carries huge volumes of cargo on widebody pass...
Broadcom (NASDAQ: AVGO) is emerging as a serious AI infrastructure contender, driven by accelerating demand for custom chips and a massive multi-year backlog. So, the question is not whether AI demand is real, but whether investors are still underestimating Broadcom's role in powering it. Stock prices used were the market prices of Feb. 24, 2026. The video was published on March. 2, 2026. Continue...
Broadcom (NASDAQ: AVGO) is emerging as a serious AI infrastructure contender, driven by accelerating demand for custom chips and a massive multi-year backlog. So, the question is not whether AI demand is real, but whether investors are still underestimating Broadcom's role in powering it. Stock prices used were the market prices of Feb. 24, 2026. The video was published on March. 2, 2026. Continue reading
So far in 2026, active fund managers are having one of their best years in nearly two decades. Goldman Sachs says that 57% of large-cap active mutual fund managers are beating their benchmarks, far above the long-term average. Unfortunately, that's only one year. The long-term data shows that active managers have a pretty miserable record of staying ahead of their benchmarks. Over the past 10 year...
So far in 2026, active fund managers are having one of their best years in nearly two decades. Goldman Sachs says that 57% of large-cap active mutual fund managers are beating their benchmarks, far above the long-term average. Unfortunately, that's only one year. The long-term data shows that active managers have a pretty miserable record of staying ahead of their benchmarks. Over the past 10 years ending in 2024, 84% of large-cap active mutual funds lagged their benchmarks. This is the core reason why investment in index funds has surged over the past couple of decades. After years of paying high fees for underperformance, investors figured out that buying an ultra-low-fee index exchange traded fund (ETF) and simply matching the index instead of trying to beat it is a great idea. Today, the largest ETFs, including the Vanguard S&P 500 ETF and the iShares Core S&P 500 ETF, manage hundreds of billions of dollars and often have expense ratios of 0.05% or less. That makes these ETFs ideal for long-term portfolio building. They're so diversified, that it often takes just a couple of funds to construct a complete equity portfolio that can be held forever. One of the best long-term portfolios consists of two ETFs -- one for U.S. stocks and one for international stocks. That data has proven that passively managed index funds are the way to go long term. These two can set you up for life. Vanguard Total Stock Market ETF The Vanguard Total Stock Market ETF (VTI +0.82%) is a one-stop shop for the entire U.S. equity market. It includes roughly 3,500 stocks across all sizes, and its 0.03% expense ratio ensures that virtually every dollar that the fund earns will stay in your pocket. Expand NYSEMKT : VTI Vanguard Total Stock Market ETF Today's Change ( 0.82 %) $ 2.75 Current Price $ 338.48 Key Data Points Day's Range $ 335.37 - $ 338.51 52wk Range $ 236.42 - $ 344.42 Volume 69K Many people will choose the Vanguard S&P 500 ETF for their U.S. stock coverage, and that's understanda...
Elon Musk is slated to testify Wednesday in a jury trial over allegations that he manipulated Twitter Inc.’s stock price with his public tweets to try to get himself a better deal to buy the social network back in 2022. Musk, the world’s richest person, eventually bought Twitter for $44 billion and later renamed it X, but first spent several months publicly criticizing the company’s business and t...
Elon Musk is slated to testify Wednesday in a jury trial over allegations that he manipulated Twitter Inc.’s stock price with his public tweets to try to get himself a better deal to buy the social network back in 2022. Musk, the world’s richest person, eventually bought Twitter for $44 billion and later renamed it X, but first spent several months publicly criticizing the company’s business and threatening to walk away from the buyout. Most Read from Bloomberg A group of investors who sued Musk in San Francisco federal court allege that he posted misleading tweets about the deal process to drive down the company’s market value and benefit himself at their expense. Musk, who has denied wrongdoing, is the trial’s star witness, and is expected to face sharp questioning from the investors’ lawyers. The attorneys are likely to challenge the serial entrepreneur over multiple tweets he posted in May 2022, including one in which he said he was putting the Twitter buyout “temporarily on hold” to investigate how much of the platform’s traffic was driven by spam and fake accounts known as bots. Twitter executives, meanwhile, told employees that the deal was still moving forward. The stock tumbled following Musk’s post, and it remained volatile for months until the deal finally closed in October 2022 after the company sued him to follow through on his original offer. “We’re here today because Elon Musk cheated investors,” Mark Molumphy, a lawyer for the plaintiffs, told jurors in his opening statement on Monday. “The evidence will show Mr Musk knew exactly what he was doing” by tweeting out false and misleading information about the deal, the lawyer said. Lawyers for Musk countered that his concerns about Twitter’s user base “were real and weren’t a fraud,” and that his tweets were not responsible for any stock price decline. Musk is no stranger to testifying before a jury. He prevailed in a trial in 2023 over claims by Tesla Inc. investors that he misled shareholders with a 2...
FIGS’ rally reflects strong earnings and investor optimism, but’ lower price targets suggest the stock’s valuation may have already run too far too fast.
FIGS’ rally reflects strong earnings and investor optimism, but’ lower price targets suggest the stock’s valuation may have already run too far too fast.